Monday, July 28th16.5°C
21452
22412

Building permits up 13.8 per cent in May: StatsCan

OTTAWA - Statistics Canada says municipalities issued building permits worth $6.9 billion in May, up 13.8 per cent from April.

The agency says the increase in May resulted primarily from higher construction intentions for commercial buildings in Ontario and Manitoba, as well as multi-family dwellings in British Columbia.

It says the total value of permits has been on a slight upward trend since the beginning of 2014.

Gains were posted in every province in May, except Quebec and Nova Scotia, with the largest increases recorded in Ontario, British Columbia and Manitoba.

Construction intentions for residential dwellings rose 9.5 per cent to $4.1 billion in May, the third consecutive monthly increase.

In the non-residential sector, the value of permits rose 20.8 per cent to $2.8 billion

The Canadian Press


Read more Business News

21623


Recent Trending




Today's Market
S&P TSX15455.04+60.59
S&P CDNX1017.445.79
DJIA16960.57-123.23
Nasdaq4449.564-22.543
S&P 5001978.34-9.64
CDN Dollar0.92470.00
Gold1308.00+4.90
Oil104.30-0.29
Lumber325.50+0.20
Natural Gas3.776-0.005

 
Okanagan Companies
Pacific Safety0.185-0.015
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07-0.01
Anavex Life Sciences0.275-0.005
Metalex Ventures0.08+0.01
Russel Metals35.36-0.21
Copper Mountain Mining2.820.00
Colorado Resources0.21+0.005
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.19+0.01

 



21337

FEATURED Property
18758581050 Springfield Road
3 bedrooms 3 baths
$300,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...

_








Member of BC Press Council


22581